NOT LISTED FOR SALE

1428 Promised Land Acres Olean, NY 14760

Estimated Value: $339,000 - $490,777

5 Beds
3 Baths
2,800 Sq Ft
$153/Sq Ft Est. Value

Last Sold November 01, 2017

Last sale price $275,000 $98 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,934/month

26 Days on Market

Highlights

  • Barn
  • 18.2 Acre Lot
  • Wooded Lot
  • Portville Elementary School Rated A-
  • A-Frame Home
  • Wood Flooring

About This Home

As of November 2017

Want a million dollar view without a hefty price tag? Then come see this beautiful home with the views of the country side that will take your breath away. Home was built in 2009 with an open concept of the kitchen, living room and dining room. Plenty of counter an cupboard space with walk in pantry. Living room has hardwood floors and gas fireplace for quiet enjoyment. Master bedroom with cedar walk in closet and master on-suite. Lower level consists of an area for guests to have their own space or an awesome area for kids. 2+ bedrooms with living room, kitchen area, and full bath. Closet space is not lacking in this home. 2 car garage and extra workshop garage all add to the great features of this home. You can even enjoy your own blueberry bushes on your 18 acres of land.

Last Agent to Sell the Property

Kelly Patrone

Listing by Howard Hanna Professionals - Olean License #30PA0967867 Listed on: 05/10/2017

Howard Hanna Professionals - Olean

Last Buyer's Agent

Kelly Patrone

Listing by Howard Hanna Professionals - Olean License #30PA0967867 Listed on: 05/10/2017

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,310

Year Built

  • Built in 2009

Lot Details

  • 18.2 Acre Lot
  • Lot Dimensions are 1,090 x 195
  • Property fronts a private road
  • Wooded Lot

Home Design

  • A-Frame Home
  • Vinyl Construction Material

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Sliding Doors
  • Combination Dining and Living Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Cedar Closet
  • 3 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Stone Driveway

Outdoor Features

  • Patio
  • Porch

Farming

  • Barn

Utilities

  • Heating System Uses Gas
  • Radiant Heating System
  • Well
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 047489-104-001-0002-020-010-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,310

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Additional Structures: Barn / Outbuilding
  • NY Swis Code: Portville-047489
  • Total Assessed Value: 157700
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 1090
  • Lot Dimension Front: 195
  • Lot Information: Private Road, Wooded Lot
  • Lot Number: 20
  • Nearest Cross Street: Promise Land Rd
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 15109.89
  • Ratio Close Price By Sq Ft: 98.21
  • Ratio List Price By Acres: 15379.12
  • Ratio List Price By Sq Ft: 99.96
  • Regional Board Code: Rochester
  • School Tax: 3637
  • Styles of Residence: A-Frame
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 792792
  • Age of Building: 13
  • Year Built: 2009
  • Directions To Property: Route 417 to Promise land rd. Right onto promise land acres. House is the first on the left
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2009

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Cedar Closets, Ceiling Fan, Circuit Breakers - Some, Sliding Glass Door
  • Additional Rooms: 1st Floor Bedroom, 1st Floor Master Bedroom, Laundry-1st Floor, Living Room, Porch - Open
  • Basement Description: Finished, Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Cooktop - Electric, Dishwasher, Oven/Range Built-In, Refrigerator
  • Kitchen Dining Description: Breakfast Bar, Living/Dining Combo, Walk-In Pantry
  • Number of Bedrooms 1st Floor: 2
  • Number of Bedrooms Basement: 3
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 1st Floor Full Bathrooms: 2
  • Number of Full Bathrooms in the Basement: 1
  • Number of Rooms: 10
  • Total Bathrooms: 3.00
  • Total Bedrooms: 5
  • Total Sq Ft: 2800

Exterior Features

  • Construction: Brick, Vinyl
  • Additional Exterior Features: Garage Door Opener, Patio
  • Number of Acres: 18.2000

Garage/Parking

  • Driveway Description: Concrete, Stone/Gravel
  • Garage Description: Attached
  • Number of Garage Spaces: 2.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water, Radiant
  • Sewer Description: Septic
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 047489-104-001-0002-020-010-0000

Tax Info

  • Total Taxes: 6310

MLS Schools

  • School District Name: Portville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2017
Closed on
Oct 19, 2017
Sold by
Boser Andrew H
Bought by
Welty
Seller's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
Buyer's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
List Price
$279,900
Sold Price
$275,000
Premium/Discount to List
-$4,900
-1.75%
Current Estimated Value
$427,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,694
Avg. Annual Appreciation
5.68%
Original Mortgage
$244,800
Outstanding Balance
$124,422
Interest Rate
3.83%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$303,273
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Welty -- Brian C. Palumbo
Welty Jr. Lawrence J -- Brian C. Palumbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welty Jr. Lawrence J $244,800
Closed Welty Jr. Lawrence J $244,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2017 11/01/17 Sold $275,000 -1.8% $98 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $279,900 -- $100 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,334 $226,200 $23,400 $202,800
2023 $6,575 $157,700 $23,400 $134,300
2022 $6,328 $157,700 $23,400 $134,300
2021 $6,462 $157,700 $23,400 $134,300
2020 $6,494 $157,700 $23,400 $134,300
2019 $2,958 $157,700 $23,400 $134,300
2018 $6,570 $157,700 $23,400 $134,300
2017 $9,115 $157,700 $23,400 $134,300
2016 $5,631 $157,700 $23,400 $134,300
2015 -- $157,700 $23,400 $134,300
Source: Public Records

Agents Affiliated with this Home

  • Kelly Patrone

    Seller's Agent in 2017

    Kelly Patrone

    Howard Hanna

    (716) 353-3222

    19 in this area

    241 Total Sales

    Kelly Patrone
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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: B1044738

Chautauqua-Cattaraugus Board of REALTORS®

APN: 047489-104-001-0002-020-010-0000

New York Cattaraugus County Olean 14760

1428 Promised Land Acres, Olean, NY

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